FBI, RCMP and other anti-fraud organizations are involved in a loan fraud investigation across US and Canada. Authorities are investigating a fraud after they received several complaints about a lending company named Greenpark alleging an online loan scam. The company had given phone numbers and an address in Sudbury as its location. But it was not present at this address when investigators went calling.
The internet loan scam lured victims by displaying advertisements on TV and on the internet. The scam came public after the company failed to respond to enquiries from customers about the status of their loan application. The online loan scam promised in ads to give away loans at 8.5% interest, repayable in $50 monthly installments.
Greenpark Lending asked for advance installments as collateral!
People responding to the attractive offer were asked to give personal details by the company as a part of processing of their loan request. Unsuspecting people gave away such vital information as their Social Security Number and bank account details to the firm.
A few days later, victims received calls informing that their loans had been approved. But there was a catch: in order to have the loan amount transferred, they would have to pay 5 monthly installments as collateral, upfront. This was due to their low credit profile, it was explained.
Police say, this by itself should have warned victims of the scam. No company asks for collateral payment while giving away loans. Such scams are also known as Advance Fee Loan Scams for this very reason.
The victims were asked to pay using Western Union money transfer. They were told to relay the code number received from Western Union as proof that they had deposited the money. This was important for the fraudsters because this enabled them to withdraw the money from anywhere.
After some time when the victims called again, they were informed of a change in company policy. It now wanted them to submit ten installments instead of five, as collateral.
The third time the victims contacted the company, they were told to submit $1000 as Insurance fees. Then, they went missing…
People with poor credit ratings are particularly at risk of the fraud. They get frustrated after their loan applications are rejected repeatedly by mainstream companies due to their poor ratings. Under such circumstances, such offers seem heaven sent.
The fraudsters are expected to return some time later under a different company name to make more people their victims.
Beware!

Stanley Higgins & Bruno Capello of Green Park Lending took 3, 570.00 from me & my family with there so called low interest loans. These people prey on other people who have less than perfect credit. I only wish that I had reasearched them more than what I did. Everywhere I looked on the internet I didn't find anything bad about them. But of coarse Stanley was telling me where to look!!! He also said that they were affiliated with greenpark morgatage-and they are a very big company. WARNING-everyone out there please stay awaw from these people-THEY WILL ROB YOU BLIND!!! All of our stories are the same, we are all victims, we all must pull together to catch these criminals- GOD only knows what there next scam will be. STAY SAFE!!!

Stanley Higgins & Bruno Capello of Green Park Lending took 3, 570.00 from me & my family with there so called low interest loans. These people prey on other people who have less than perfect credit. I only wish that I had reasearched them more than what I did. Everywhere I looked on the internet I didn't find anything bad about them. But of coarse Stanley was telling me where to look!!! He also said that they were affiliated with greenpark morgatage-and they are a very big company. WARNING-everyone out there please stay awaw from these people-THEY WILL ROB YOU BLIND!!! All of our stories are the same, we are all victims, we all must pull together to catch these criminals- GOD only knows what there next scam will be. STAY SAFE!!!